Competition is Bad for Consumers: Analysis of an Artificial Payment Card Market
نویسندگان
چکیده
∗General Directorate of Central Banking Operations, Bank of Mexico Avenida 5 de Mayo No.6, Colonia Centro, Delegacion Cuauhtemoc, 06059 Distrito Federal, Mexico City, Mexico E-mail: [email protected] ∗∗Department of Computer Science, University of Essex Wivenhoe Park, Colchester CO4 3SQ, Great Britain, E-mail: [email protected] ∗∗∗School of Management, University of Bath, Bath BA2 7AY, Great Britain E-mail: [email protected]
منابع مشابه
Centre for Computational Finance and Economic Agents Working Paper Series Wp017-08 Competition Is Bad for Consumers: Analysis of an Artificial Payment Card Market
This paper investigates the competition between payment card issuers in an artificial payment card market. In the market we model the interactions between consumers, merchants and competing card issuers and obtain the optimal pricing structure for card issuers. We allow card issuers to charge consumers and merchants with fixed fees, provide net benefits from card usage and engage in marketing a...
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ورودعنوان ژورنال:
- JACIII
دوره 15 شماره
صفحات -
تاریخ انتشار 2011